Jones's Wrench Company manufactures socket wrenches. . F per day. or next month, the vice president of production plans on producing 4,700 wrenches The company can produce as many as 5,500 wrenches per day, but is more likely to produce 5,100 per day. : The demand for wrenches for the next three years is expected to average 4,850 wrenches per day. Fixed manufacturing costs per month total $486,600. The company works 30 days a month. Fixed manufacturing overhead is charged on a per-wrench basis. Required: a. What is the theoretical fixed manufacturing overhead rate per wrench? b. What is the practical fixed manufacturing overhead rate per wrench? e. What is the normal fixed manufacturing overhead rate per wrench? d. What is the master-budget fixed manufacturing overhead rate per wrench? Answer (round to nearest two decimals): a. Theoretical overhead rate = b. Practical overhead rate- c. Normal overhead rate- d. Master-budget overhead rate